ScanSource awards 7,636 shares to legal chief
ScanSource’s chief legal officer received an equity award, with a portion of shares withheld to cover tax obligations rather than sold in the market.
Rhea-AI Filing Summary
SCANSOURCE, INC. (SCSC) reported that Sr. EVP & Chief Legal Officer Shana C. Smith received a grant of 7,636 shares of Common Stock on September 1, 2026 as a compensation-related award at no stated purchase price. On the same date, 1,070 shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock units, a non-market transaction. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Shana C
Role
Sr. EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,636 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 1,070 | $56.24 | $60K |
Holdings After Transaction:
Common Stock — 37,282 shares (Direct)
Footnotes (1)
- F1. Reflects shares withheld in satisfaction of tax withholding obligations upon vesting of restricted stock units. This is a non-market transaction.
Key Figures
Shares granted: 7,636 shares of Common Stock
Tax withholding shares: 1,070 shares
Withholding price per share: $56.24 per share
+1 more
4 metrics
Shares granted
7,636 shares of Common Stock
Compensation-related award to Sr. EVP & Chief Legal Officer on September 1, 2026
Tax withholding shares
1,070 shares
Shares withheld to satisfy tax withholding obligations upon RSU vesting on September 1, 2026
Withholding price per share
$56.24 per share
Reported price for the 1,070 shares delivered or withheld for tax withholding obligations
Rule 10b5-1 plan status
No Rule 10b5-1 trading plan reported
Document-level checkbox indicates transactions were not under an affirmed Rule 10b5-1 plan
Key Terms
restricted stock units, tax withholding obligations, non-market transaction
3 terms
restricted stock units financial
"upon vesting of restricted stock units. This is a non-market transaction"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld in satisfaction of tax withholding obligations upon vesting"
non-market transaction financial
"This is a non-market transaction"
FAQ
What insider transactions did SCSC report for Shana C. Smith on September 1, 2026?
Shana C. Smith received a grant of 7,636 shares of Common Stock and had 1,070 shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units; the withholding was reported as a non-market transaction.
Was the ScanSource (SCSC) Form 4 transaction an open-market buy or sell?
No. The filing reports a share grant and shares withheld for tax withholding obligations upon vesting of restricted stock units. The footnote states this was a non-market transaction, so it does not reflect an open-market purchase or sale.
Were the SCSC insider transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being under a plan, and the footnotes do not describe any trading plan, so no Rule 10b5-1 plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.